Advisers are likely to consolidate their platform usage once the sunset clause comes into force, but face problems when it comes to tracking down less active clients.
Wealth manager London & Capital has hired Towry's general counsel Thomas Donlon in a bid to manage regulatory change and drive business growth.
'Wealth managers are at the mercy of fund managers on costs'
MiFID II rules which classify non-UCITS funds as 'complex' products could force multi-asset vehicles to change structure and restrict their investment horizons.
Do we need competition in the advice sector?
The Financial Conduct Authority (FCA) is proposing to raise £74.9m from financial advisers for the coming year, representing an upswing of 10.2%.
What do the FCA’s social media rules really mean?
A Bank of England official has said asset managers, insurers and clearing houses in UK should be subject to the same stress tests faced by banks.
A decision by the regulator to ban the former CEO of a stockbroking firm from the industry and fine him £450,000 for high-pressure mis-selling has been upheld.
The number of platforms targeting advisory firms is likely to halve after 2017, according to Standard Life's David Tiller.